David Forman Acquires Athletic Facilities In Deerfield Beach, FL For $11.5M
3650 Southwest 10th Street, Deerfield Beach, Florida 33442, United States
$11,500,000
$161/SF
Building Size
71,165 SF
Asset Type
Other
Closing
Oct 11, 2022
About this deal
AI
The athletic facilities located at 3650 SW 10th St in Deerfield Beach, FL have been sold in a recent transaction. The property spans 71,165 square feet and was purchased for a total price of $11,500,000, resulting in a price per square foot of $161.
Summary of transaction details:
- Property Type: Athletic Facilities
- Transaction Amount: $11,500,000
- Square Footage: 71,165
- Price per Square Foot: $161
- Address: 3650 SW 10th St, Deerfield Beach, FL
- Market: Deerfield Beach, FL
David Forman acted as the buyer in this transaction, while Boro Skoric represented the seller.
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Deerfield Beach Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93